B4b4 Despite the financial problems, LBB still has good sales revenue ( RM 391.730m, unaudited) and a decent gross profit (RM 22.933m, unaudited) and other operating income ( RM 17.601m). Buy or sell, you have to decide. ------------- eh, you dont know read r ? lonbisc will temp delisted next week. you want to stuck your capital inside for few months ?
B4b4 Despite the financial problems, LBB still has good sales revenue ( RM 391.730m, unaudited) and a decent gross profit (RM 22.933m, unaudited) and other operating income ( RM 17.601m). Buy or sell, you have to decide. 15/01/2020 7:52 AM
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Excellence revenue but To be Suspended, but if got good proposal shall explode again..is it possible?
I think many are misunderstanding what involuntary liquidation means. It means the liquidator from PWC is going to sell off London Biscuit's assets to repay it's loans. Profitability of the company etc doesn't matter, the banks have given up on being repaid any other way. Everything of value is going to be sold and whatever is left will be given to the shareholders. Given that the value of P&E of the company was already dubious at best and that their loans outweigh their assets, there will literally be nothing left of the company once the liquidator is done with it.
Narialse I think many are misunderstanding what involuntary liquidation means. It means the liquidator from PWC is going to sell off London Biscuit's assets to repay it's loans. Profitability of the company etc doesn't matter, the banks have given up on being repaid any other way. Everything of value is going to be sold and whatever is left will be given to the shareholders. Given that the value of P&E of the company was already dubious at best and that their loans outweigh their assets, there will literally be nothing left of the company once the liquidator is done with it.
15/01/2020 11:16 AM
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Finally someone come out something worth thump up.
Should ask kheesan owes london how much, ask receiver for breakdown of receivables by buyers and aging, and of course the actions to be taken. As for the past auditors who failed to qualify accounts, actions must be taken too. As for authirities, continue to sleep and take gaji buta as no news so far. Semua boleh.
London Biscuit (Trading Sell, TP: RM0.12): London Biscuit defaulted a payment of RM5.06m to KFH (Malaysia). The default of the payment was on 23rd Aug 2019. (Bursa)
Comment: This comes as no surprise given its two earlier defaults. Cumulative amount in arrears is now RM183.6m. With severe cash flow constraints cited in its recent announcement, it will impact repayment of outstanding debts moving forward, hence the likelihood of more defaults ahead. Our Trading Sell call on LBB Is retained.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ChickyWaWa
243 posts
Posted by ChickyWaWa > 2020-01-15 09:35 | Report Abuse
Tiuniaxing, it is going to suspend trading on 21st Jan, some more got people said BUY BUY BUY...